Killam Apartment REIT Announces Monthly Dividend of $0.06 (TSE:KMP.UN)

Key Points

• Killam Apartment REIT declared a monthly dividend of C$0.06 per share, payable to shareholders of record on May 15 with an ex-dividend date of April 30, implying an annualized yield of about 4.2%.
• KMP.UN was trading near C$17.05 with a market cap of C$2.08 billion, a high price-to-earnings ratio of ~70.4 and a debt-to-equity ratio of 82.05, reflecting modest valuation metrics alongside elevated leverage.
• Research analysts retain a consensus "Moderate Buy" rating with an average target of C$20.00 after several firms trimmed targets slightly while keeping buy/outperform recommendations.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Friday, May 15th will be given a dividend of 0.06 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Thursday, April 30th.

Killam Apartment REIT Stock Up 0.3%

KMP.UN stock opened at C$17.05 on Tuesday. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.80. The firm has a fifty day moving average price of C$16.57 and a two-hundred day moving average price of C$16.86. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 70.41 and a beta of 0.57.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) last released its earnings results on Friday, February 13th. The company reported C($1.17) earnings per share for the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. The business had revenue of C$96.26 million for the quarter. Research analysts predict that Killam Apartment REIT will post 1.2904074 EPS for the current year.

Analyst Ratings Changes

KMP.UN has been the subject of several recent research reports. Royal Bank Of Canada lowered their target price on shares of Killam Apartment REIT from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. ATB Cormark Capital Markets reduced their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set an "outperform" rating for the company in a report on Friday, February 13th. TD Securities reduced their price target on shares of Killam Apartment REIT from C$21.00 to C$20.00 and set a "buy" rating for the company in a report on Friday, February 13th. Finally, Raymond James Financial reduced their price target on shares of Killam Apartment REIT from C$20.25 to C$20.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$20.00.

Killam Apartment REIT Company Profile

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments. Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada. MHC segment acquires and operates MHC communities in Ontario and Eastern Canada, and Commercial segment includes more than seven commercial properties.

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